Market Imperfections and Macroeconomic Dynamics

Market Imperfections and Macroeconomic Dynamics is based upon a collection of papers originally presented at the 5th Theory and Methods in Macroeconomics (T2M) meeting in Paris, France, 2002. The contributions in this volume focus on a central theme: the aggregate dynamic consequences of market impe...

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Bibliographic Details
Other Authors: Hairault, Jean-Olivier (Editor), Kempf, Hubert (Editor)
Format: eBook
Published: New York, NY Springer US 2002, 2002
Edition:1st ed. 2002
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • I Globalization, Competition and Macroeconomic Performances
  • 1: Is Perfection Optimal? Employment and Product Market Competition
  • 2: Human Capital, Local Labor Markets and Regional Integration
  • 3: A Long-Term Model for the World Economy
  • II Money, Inflation and Macro dynamics
  • 4: Inflation and Productivity Differentials in EMU
  • 5: Open Market Shocks in a Business Cycle Model with Financial Intermediation
  • 6: Optimal Monetary Policy with Sticky Prices
  • III Indeterminacy and Irreversibility
  • 7: Real Indeterminacy in a Cash-In-Advance Economy
  • 8: Borrowing Constraint and Indeterminacy
  • 9: Irreversible Investment Under Uncertainty